Persistent Systems AGM Aug 3; Nagarro acquisition up to EUR 1.05 billion for approval
PERSISTENT · price
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Persistent Systems' 36th AGM is on August 3, 2026 in hybrid mode. Key resolutions: acquire up to 100 percent of Germany's Nagarro SE for up to EUR 1.05 billion (about INR 11,273 crore) via wholly owned subsidiary Galaxy Germany Holding SE; corporate guarantee and security creation up to EUR 1.54 billion; final dividend of INR 18 per share (INR 40 total for FY26 with INR 22 interim already paid); reappointment of CMD Anand Deshpande and four independent directors. Record date: July 27, 2026.
Major proposed acquisition of Germany's Nagarro SE at about EUR 1.05 billion could significantly expand the company. FY26 dividend of INR 40 per share confirmed.